Stanford clients sue Willis Group

Stanford Financial has been under control of a court-appointed receiver since February, when the U.S. Securities and Exchange Commission sued Allen Stanford for civil fraud. Federal prosecutors brought criminal charges against him and others last month.

Stanford has been ordered held without bail until trial, currently set for August. He had spent the last 15 years living primarily in the Caribbean, where he was knighted by the Antiguan government.

(Reporting by Martha Graybow; Editing by Christian Wiessner)